Russian tax brews up perfect aluminium premium storm


Everything else is in Asia, particularly Malaysia's Port Klang, which holds 868,100 tonnes and is also the location of a 168-day load-out queue, another cog in the bull premium machine.File pic shows aluminium storage at Port Klang)

LONDON: Aluminium has been one of the strongest year-to-date performers among the industrial metals thanks to robust pandemic demand recovery and production curbs in China, the world's largest producer.

The London Metal Exchange (LME) price has lost some of its upwards momentum since hitting a three-year high of US$2,603 per tonne in May, but at a current $2,450 is still up by a fifth from the start of January, a performance eclipsed only by tin.

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Aluminium , LME , Russia , China , Malaysia , price ,

   

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